Abu Dhabi Future Energy Company PJSC, known as Masdar, has initiated the launch of $1 billion in dual tranche no-grow Reg S senior unsecured bonds. These bonds will have tenures of 5 and 10 years, reflecting Masdar’s commitment to financing renewable energy projects. The issuance is being managed by a group of joint lead managers...
Australia’s Woodside Energy announced on Wednesday that it is exploring opportunities for collaboration with Saudi Aramco, which may acquire a stake in its $17.5 billion liquefied natural gas (LNG) project in Louisiana. Following the announcement, shares in Woodside, the country’s top gas producer, surged nearly 4%. The agreement could also enable Aramco to secure LNG...
OQ Exploration & Production (OQEP), a leading exploration and production company listed on the Muscat Stock Exchange, recently announced the signing of four significant contracts valued at over RO21 million. This announcement was made during OQEP’s participation in the Oman Petroleum & Energy Show 2025. These agreements, made with local companies and small and medium...
MUSCAT: The Oman Petroleum and Energy Show and Oman Sustainability Week for 2025 officially commenced on May 12, 2025, at the Oman Convention and Exhibition Centre. The opening ceremony was presided over by HH Sayyid Taimour bin Asaad al Said, Chairman of the Board of Directors of the Central Bank of Oman, alongside several distinguished...
ADNOC Drilling Company has announced a significant allocation of approximately $700 million for new acquisitions in 2025. This move is part of the company’s strategy to enhance its operations both locally in the UAE and in international markets, as stated by CEO Abdulrahman Abdulla Al Seiari. The acquisitions will be facilitated through Enersol, a joint...
The Integrated Transport Centre (Abu Dhabi Mobility), part of the Department of Municipalities and Transport, has announced a significant investment in electric vehicle infrastructure. The initiative involves appointing several operators to manage the EV charging stations through public-private partnership (PPP) contracts, which will cover the supply, installation, operation, and maintenance of these charging stations throughout...
KAPSARC and the Delegation of the European Union (EU) to the Kingdom of Saudi Arabia recently organized a significant workshop titled “Bridging Policy and Practice: EU-KSA Cooperation for a Secure Energy Future” at KAPSARC. The event gathered European and Saudi business leaders, senior officials, and experts to discuss ways to enhance energy ties between the...
Petroleum Development Oman (PDO), the largest hydrocarbon producer in the country, has launched a significant flare gas recovery project at the Zulaiyah Station in Hazar South. This initiative marks a critical step in PDO’s decarbonisation strategy and is being implemented in collaboration with Enerhash, aiming to convert flare gas into a sustainable energy resource through...
OQ Trading (OQT), a subsidiary of Oman’s integrated energy group OQ, has secured a 15-year agreement to purchase liquefied natural gas (LNG) from Amigo LNG, which is a subsidiary of Singapore-based LNG Alliance. This deal is a crucial step in OQT’s strategy to diversify its LNG supply sources beyond traditional markets, particularly those in the...
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, conducted a meeting with representatives from the British company Shard Capital to discuss the advancement of the $7 billion Mediterranean Petrochemicals Complex in New Alamein. This meeting follows the signing of a joint framework agreement with the Saudi Al-Qahtani Group last February during the EGYPES event....